Peak Oil and What It Means to You

Peak oil has been of hot debate lately, with many naysayers saying there is a huge oil well to the center of the planet. With the Mexican Cantarell Oil field expecting to decline at 15% year over year and the Saudi Arabian Ghawar Oil field in a similar predicament, it seems that peak oil will occur in 2005 or 2006 at the very latest. This article explores oil and uranium depletion rates at different percentages year over year and the results are startling to say the least. I thought problems would not be seen for 10-15 years.guess again

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